Bilibili To Double Total Addressable Market To $200B With New Product Launches: Analyst
Portfolio Pulse from Lekha Gupta
Mizuho Securities analyst Wei Fang initiated coverage on Bilibili Inc (NASDAQ:BILI) with a Buy rating and a price target of $18. The analyst expects BILI to double its total addressable market to $200 billion through new product launches, driving top-line growth to double digits and attaining profitability in FY24. The transitions include improving ad monetization and expanding into live streaming. BILI is expected to achieve break-even operating income in FY24, improving nearly 15 basis points Y/Y.
November 06, 2023 | 7:13 pm
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Bilibili Inc (NASDAQ:BILI) is expected to double its total addressable market to $200 billion through new product launches, driving top-line growth to double digits and attaining profitability in FY24.
The analyst from Mizuho Securities expects Bilibili to successfully transition its products to more than double the total addressable market to $200 billion. This is expected to drive top-line growth to double digits and help the company attain profitability in FY24. The transitions include improving ad monetization and expanding into live streaming. These positive expectations could drive the stock price up in the short term.
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